North America Indoor Positioning And Indoor Navigation Market Size & Outlook
North America indoor positioning and indoor navigation market, 2018-2030 (US$M)
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North America indoor positioning and indoor navigation market highlights
- The North America indoor positioning and indoor navigation market generated a revenue of USD 7,326.4 million in 2023.
- The market is expected to grow at a CAGR of 34.8% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 7,326.4 million |
| Market revenue in 2030 | USD 59,252.4 million |
| Growth rate | 34.8% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software |
| Key market players worldwide | Apple Inc, Cisco Systems Inc, Ekahau, Alphabet Inc Class A, HERE Technologies Chicago, Honeywell International Inc, IndoorAtlas, Mappi International, NavVis, Microsoft Corp, Point Inside, Samsung Electronics Co Ltd, Ubisense, Siemens AG, Zebra Technologies Corp Class A |
Other key industry trends
- In terms of revenue, North America region accounted for 36.0% of the global indoor positioning and indoor navigation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 57,773.3 million by 2030.
Software was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the North America indoor positioning and indoor navigation market based on software covering the revenue growth of each sub-segment from 2018 to 2030.
The growing trend of smart buildings and the Internet of Things (IoT) significantly contributes to the market growth in the region. Smart buildings equipped with indoor positioning and indoor navigation systems offer enhanced security, energy management, and facility management.
IoT devices connected within these buildings generate vast amounts of data that, when integrated with indoor positioning systems, lead to smarter, more efficient operations. This integration is particularly beneficial in large commercial spaces, industrial facilities, and complex healthcare environments where efficient navigation and asset tracking are critical.
The indoor positioning and indoor navigation market in the U.S. is expected to grow significantly from 2024 to 2030. The proliferation of smartphones and smart devices, which inherently possess the necessary sensors and connectivity features for indoor positioning.
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Indoor Positioning and Indoor Navigation Market Scope
Indoor Positioning and Indoor Navigation Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America indoor positioning and indoor navigation market size, by country, 2018-2030 (US$M)
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